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The document ceased to be valid since April 2, 2016 according to item 4 of the Instruction of the Central bank of the Russian Federation of March 9, 2016 No. 3978-U

INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 28, 2015 No. 3924-U

About mandatory reserve requirements

1. According to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of November 27, 2015 No. 35) mandatory reserve requirements (standard rates of required reserves, coefficient of averaging of required reserves) for the credit institutions performing deposition of required reserves according to the Provision of the Bank of Russia of December 1, 2015 No. 507-P "About required reserves of credit institutions", the registered Ministry of Justice of the Russian Federation on December 25, 2015 No. 40275 ("the Bulletin of the Bank of Russia" of December 30, 2015 No. 121), since January 1, 2016 are effective in the following size.

1.1. Standard rates of required reserves:

according to obligations to legal entities - nonresidents in currency of the Russian Federation and in foreign currency - percent 4,25;

according to obligations to physical persons in currency of the Russian Federation and in foreign currency - percent 4,25;

according to other obligations of credit institutions in currency of the Russian Federation and in foreign currency - percent 4,25.

1.2. The coefficient of averaging of required reserves applied to calculation of average size of required reserves:

for banks - 0,8;

for non-bank credit institutions - 1,0.

The credit institutions specified in this subitem, having the right to expect the average size of required reserves each next period of averaging using coefficient of the averaging which is not exceeding 0,8 and 1,0 respectively.

2. The standard rates of required reserves specified in subitem 1.1 of Item of 1 this Instruction are applied since regulation of the size of required reserves of credit institutions for the accounting period from January 1 to February 1, 2016.

3. This Instruction is subject to official publication in "the Bulletin of the Bank of Russia" and becomes effective since January 1, 2016.

4. Since February 1, 2016 to recognize invalid:

Instruction of the Bank of Russia of November 10, 1997 No. 15-U ("the Bulletin of the Bank of Russia" of November 20, 1997 No. 76);

Instruction of the Bank of Russia of December 1, 1997 No. 44-U;

Instruction of the Bank of Russia of January 30, 1998 No. 156-U ("the Bulletin of the Bank of Russia" of February 3, 1998 No. 7);

Instruction of the Bank of Russia of August 21, 1998 No. 324-U ("the Bulletin of the Bank of Russia" of August 27, 1998 No. 60);

Instruction of the Bank of Russia of September 3, 1998 No. 342-U "About change of the standard rate of required reserves of Savings bank of the Russian Federation";

Instruction of the Bank of Russia of November 16, 1998 No. 413-U;

Instruction of the Bank of Russia of November 17, 1998 No. 414-U "About standard rates of required reserves" ("the Bulletin of the Bank of Russia" of November 25, 1998 No. 82);

Instruction of the Bank of Russia of March 19, 1999 No. 514-U "About change of standard rates of required reserves of credit institutions and Savings bank of the Russian Federation and carrying out extraordinary regulation of required reserves" ("the Bulletin of the Bank of Russia" of March 24, 1999 No. 17);

Instruction of the Bank of Russia of June 9, 1999 No. 573-U "About change of standard rates of required reserves of credit institutions and Savings bank of the Russian Federation and carrying out extraordinary regulation of required reserves" ("the Bulletin of the Bank of Russia" of June 17, 1999 No. 36);

Instruction of the Bank of Russia of January 11, 2000 No. 731-U "About change of standard rates of required reserves of credit institutions and Savings bank of the Russian Federation and carrying out extraordinary regulation of the size of required reserves as of January 1, 2000" ("the Bulletin of the Bank of Russia" of January 19, 2000 No. 2);

Instruction of the Bank of Russia of March 19, 2004 No. 1395-U ("the Bulletin of the Bank of Russia" of March 24, 2004 No. 19);

Instruction of the Bank of Russia of June 11, 2004 No. 1445-U ("the Bulletin of the Bank of Russia" of June 16, 2004 No. 34);

Instruction of the Bank of Russia of June 25, 2004 No. 1456-U ("the Bulletin of the Bank of Russia" of June 30, 2004 No. 38);

Instruction of the Bank of Russia of July 7, 2004 No. 1473-U ("the Bulletin of the Bank of Russia" of July 14, 2004 No. 40);

Instruction of the Bank of Russia of October 13, 2004 No. 1507-U ("the Bulletin of the Bank of Russia" of October 20, 2004 No. 61);

Instruction of the Bank of Russia of August 23, 2006 No. 1716-U ("the Bulletin of the Bank of Russia" of August 30, 2006 No. 48);

Instruction of the Bank of Russia of May 14, 2007 No. 1826-U ("the Bulletin of the Bank of Russia" of May 16, 2007 No. 28);

Instruction of the Bank of Russia of October 10, 2007 No. 1891-U "About establishment of standard rates of required reserves (reserve requirements) of the Bank of Russia" ("the Bulletin of the Bank of Russia" of October 17, 2007 No. 58);

Instruction of the Bank of Russia of February 1, 2008 No. 1970-U "About establishment of standard rates of required reserves (reserve requirements) of the Bank of Russia" ("the Bulletin of the Bank of Russia" of February 6, 2008 No. 5);

Instruction of the Bank of Russia of May 26, 2008 No. 2014-U "About establishment of standard rates of required reserves (reserve requirements) of the Bank of Russia" ("the Bulletin of the Bank of Russia" of May 28, 2008 No. 25);

Instruction of the Bank of Russia of August 1, 2008 No. 2048-U "About establishment of standard rates of required reserves (reserve requirements) of the Bank of Russia" ("the Bulletin of the Bank of Russia" of August 6, 2008 No. 41);

Instruction of the Bank of Russia of September 17, 2008 No. 2066-U "About establishment of standard rates of required reserves (reserve requirements) of the Bank of Russia" ("the Bulletin of the Bank of Russia" of September 18, 2008 No. 50);

Instruction of the Bank of Russia of October 14, 2008 No. 2092-U "About establishment of standard rates of required reserves (reserve requirements) of the Bank of Russia" ("the Bulletin of the Bank of Russia" of October 17, 2008 No. 58);

Instruction of the Bank of Russia of January 19, 2009 No. 2170-U "About establishment of standard rates of required reserves (reserve requirements) of the Bank of Russia" ("the Bulletin of the Bank of Russia" of January 21, 2009 No. 4);

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